Office building · Grand Central, Manhattan
260 Madison Avenue
New York, NY 10016
260 Madison Avenue is a 22-floor office building in Grand Central, Manhattan, built in 1952, with about 481,000 square feet of office space according to city records.
Also at 13-17 East 38th Street, 18-22 East 39th Street and 250-262 Madison Avenue.
- Office space
- 481K SF
- Floors
- 22
- Year built
- 1952
- Zoning
- C5-3
The 26th largest of the 83 office buildings we track in Grand Central. Compare it with 6 neighbors
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Compared with its neighbors
How 260 Madison Avenue compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 260 Madison Avenue is the largest by office floor area. It went up in 1952; the median neighbor dates from 1923. Its estimated property tax, about $12.24 a square foot of floor area before abatements, is above the neighbors' median of $11.42.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 260 Madison Avenue | 481K SF | 22 | 1952 | $12.24 | Dec 2025, $211M |
| 9 East 38th Street | 49K SF | 12 | 1924 | $10.71 | Feb 2013, $29M (2 lots) |
| 7 East 38th Street | 76K SF | 12 | 1920 | $4.97 | n/a |
| 5 East 38th Street | 72K SF | 12 | 1920 | $12.12 | May 2006, $26.5M |
| 240 Madison Avenue | 68K SF | 14 | 1925 | $5.98 | n/a |
| 261 Madison Avenue | 326K SF | 27 | 1954 | $13.81 | n/a |
| 270 Madison Avenue | 156K SF | 19 | 1923 | $16.28 | n/a |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 13-17 East 38th Street; 18-22 East 39th Street; 250-262 Madison Avenue
- ZIP code
- 10016
- Building type
- Office building (city class O4)
- Total floor area
- 531,270 SF
- Commercial floor area
- 531,270 SF
- Office
- 481,414 SF
- Retail
- 20,517 SF
- Height
- 22 floors
- Average floor
- About 24,100 SF (floor area divided by floors)
- Year built
- 1952
- Last major alteration
- 2015
- Lot area
- 29,130 SF
- Zoning district
- C5-3
- Built FAR
- 18.24
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1008680016
Nearest subway
- Grand Central-42 St
- 5 Av
- 33 St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists AM 260 MADISON LLC as the owner of record. For tax year 2026/27 the city values 260 Madison Avenue at $134.8 million and assesses it at $60.7 million. After phase-ins and exemptions its taxable value is $59.9 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $6.5 million a year before abatements, roughly $12.24 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Owner of record
- AM 260 MADISON LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $134,790,000
- Land market value
- $62,000,000
- Assessed value
- $60,655,500
- Taxable value (phased in)
- $59,923,620
- Estimated yearly tax
- About $6.5 million
- Tax per SF of floor area
- About $12.24
City market value by tax year
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How to find who owns any NYC buildingSource: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
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NYC property records (ACRIS)
Sales history
260 Madison Avenue last sold in December 2025 for $211.2 million, according to the deed recorded with the city. 260-261 MADISON AVENUE LLC sold it to AM 260 MADISON LLC. That comes to about $398 per square foot of floor area.
- Last sale (deed date)
- December 5, 2025
- Price
- $211,180,180
- Price per SF of floor area
- About $398
- Seller
- 260-261 MADISON AVENUE LLC
- Buyer
- AM 260 MADISON LLC
- Deed recorded
- December 10, 2025
- ACRIS document
- 2025120800540001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
260 Madison Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (the filing does not cover 12 full months of meter data), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Floor area in the filing
- 470,725 SF
ENERGY STAR score by year
Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 20 jobs at 260 Madison Avenue. In the last two years, interior work was permitted on 8 floors (floors 1, 2, 6 and 9 to 13 and the cellar). The newest build-out, on floors 9 and 10, was first permitted in October 2026 (construction; filed cost estimate $2.7 million). A sidewalk shed permit here is active until December 13, 2026.
- New jobs, last 12 months
- 20
- Initial permits, last 12 months
- 23
- Newest job first permitted
- October 2026
- Interior build-outs, last 24 months
- 12
- Floors with interior work, last 24 months
- 1, 2, 6 and 9 to 13, cellar
- Facade and sidewalk jobs, last 24 months
- 5
- Sidewalk shed permit
- Active until Dec 13, 2026
Recent build-outs
New jobs by year
Build-outs across Grand CentralWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
No office space listed in Grand Central yet
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Questions about 260 Madison Avenue
How big is 260 Madison Avenue?
260 Madison Avenue has about 531,000 square feet of floor area in total, including 481,000 square feet of office and 21,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 260 Madison Avenue built?
City records list 1952 as the year built, with a major alteration recorded in 2015. The building is 22 floors tall.
What other addresses does 260 Madison Avenue have?
City records list 13-17 East 38th Street, 18-22 East 39th Street and 250-262 Madison Avenue on the same tax lot (BBL 1008680016) as 260 Madison Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 260 Madison Avenue?
260 Madison Avenue is in ZIP code 10016, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 260 Madison Avenue, New York, NY 10016, in Grand Central.
What is the zoning at 260 Madison Avenue?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 18.24 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 260 Madison Avenue?
The closest subway station to 260 Madison Avenue is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 950 feet away in a straight line, roughly 4 minutes on foot. The MTA lists it as an accessible station. Also nearby: 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), 4 min walk; 33 St (the 6 train), 7 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 260 Madison Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists AM 260 MADISON LLC as the owner of record of 260 Madison Avenue (BBL 1008680016). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
When was 260 Madison Avenue last sold?
260 Madison Avenue last sold in December 2025 for $211.2 million, according to the deed recorded with the city. 260-261 MADISON AVENUE LLC sold it to AM 260 MADISON LLC. That comes to about $398 per square foot of floor area. The deed is ACRIS document 2025120800540001 (BBL 1008680016) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.
Does 260 Madison Avenue have an energy grade?
260 Madison Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (the filing does not cover 12 full months of meter data), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.
Is there construction at 260 Madison Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 20 jobs at 260 Madison Avenue. In the last two years, interior work was permitted on 8 floors (floors 1, 2, 6 and 9 to 13 and the cellar). The newest build-out, on floors 9 and 10, was first permitted in October 2026 (construction; filed cost estimate $2.7 million). A sidewalk shed permit here is active until December 13, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1008680016. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at 260 Madison Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $59.9 million for 260 Madison Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $6.5 million a year, roughly $12.24 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008680016 show the actual bill.
What is the assessed value of 260 Madison Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 260 Madison Avenue at $134.8 million ($62 million of it land) and its assessed value at $60.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 6% from 2022/23 ($127 million) to 2026/27.
Is there office space for lease at 260 Madison Avenue?
No space at 260 Madison Avenue is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.
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